Smiths News (LON:SNWS) Trading Up 5.5%

Shares of Smiths News plc (LON:SNWS) were up 5.5% on Monday . The stock traded as high as GBX 61 ($0.77) and last traded at GBX 61 ($0.77). Approximately 783,276 shares were traded during mid-day trading, an increase of 118% from the average daily volume of 359,410 shares. The stock had previously closed at GBX 57.80 ($0.73).

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Berenberg Bank lifted their price objective on shares of Smiths News from GBX 60 ($0.76) to GBX 65 ($0.82) and gave the stock a “buy” rating in a research note on Friday, May 3rd. Canaccord Genuity Group lifted their price objective on shares of Smiths News from GBX 85 ($1.08) to GBX 95 ($1.21) and gave the company a “buy” rating in a research note on Thursday, May 2nd.

Smiths News Stock Performance

The firm has a market cap of £146.64 million, a PE ratio of 657.78, a P/E/G ratio of 0.29 and a beta of 0.78. The stock’s fifty day moving average price is GBX 58.85 and its 200-day moving average price is GBX 52.67.

Smiths News Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, July 4th. Stockholders of record on Thursday, June 6th will be given a GBX 1.75 ($0.02) dividend. This represents a dividend yield of 3.28%. The ex-dividend date of this dividend is Thursday, June 6th. Smiths News’s dividend payout ratio is presently 5,555.56%.

About Smiths News

Smiths News plc, together with its subsidiaries, engages in the distributing of newspapers and magazines in the United Kingdom and internationally. It operates through Smiths News Core, Dawson Media Direct, Instore, and Other businesses segments. The company supplies inflight entertainment to airlines and travel points.